CBRE Arranges Five Leases in 10 Months at The Westwood

CBRE has arranged five deals totaling 41,802 square feet at The Westwood, located at 2441 & 2443 Warrenville Rd in Lisle, IL.

CBRE’s Pete Adamo & Adam Lawler represented ownership for The Westwood, Briar Meads Capital.

Signed New Leases at the property include:

• Westpoint Financial
  
  • 11,179 square feet
• Mission Wealth Management
  
  • 3,263 square feet
• Ottosen, DiNolfo, Hasenbalg, and Castalado
  
  • 14,630 square feet
• Paycom
  
  • 6,830 square feet
• Vantage Point Financial
  
  • 5,900 square feet

“The Westwood's recent leasing activity is a testament to ownership's renovation and continued commitment to investment into the complex, making it attractive to companies seeking higher quality office space. In addition to custom buildouts, The Westwood meets modern demand by having spec suites that are ready for immediate occupancy,” said Adamo. “Amenitized suburban office buildings with well-capitalized ownership groups continue to see the lion's share of leasing momentum.”

Located along I-88 with prime access and visibility, The Westwood is Class A office property comprised of 300,000 square feet across two buildings. The building features multiple tenant lounges and a fitness center as well as recent updates including newly renovated lobbies and a new building deli.

The signed leases buck the trend in the suburbs – Class A space in the the East/West tollway submarket had negative absorption of 135,074 square feet year-to-date according to a recent CBRE Research report.